Euro slides across the board
The common currency is falling sharply on Thursday after ECB rate decision and Trichet’s press conference while the Dollar is mostly higher across the board. The Aussie is the best performer among majors supported by the rally in gold.
“The U.S. dollar extended its gains for a second day after strong economic data supported confidence over the outlook, and the ECB confirmed they will continue to support economic growth in the Euro Zone region, meanwhile, clashes continued for a second day in Egypt between pro and anti Mubarak protestors, as concerns over the Middle East region mount, and fears that the crisis will spread to other neighborhood countries” the ecPulse.com Analysis Team said.
EUR/USD reached a fresh session low at 1.3609. The pair is headed toward the biggest daily decline in months. GBP/USD remains near session lows, barely above 1.6100.
USD/JPY is trading around 81.60, at the same price level it had at the beginning of the day, recovering from 81.40. The pair was rejected earlier from levels on top of 82.00.
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